Following a key announcement yesterday it is quite likely that Valiant Eagle Inc (OTCMKTS:PSRU) is going to be in focus among investors this morning and it may be a good idea for investors to take a look into it a bit more closely.
Market Action
On Monday, PSRU stock ended flat at $0.0004 with more than 79.48 million shares, compared to its average volume of 58.89 million shares. The stock moved within a range of $0.0003 – 0.0004 after opening trade at $0.0004.
Valiant Eagle, Inc. (OTC: PSRU) Subsidiary, Providence Film Group, Reboots DC Comics’ “Swamp Thing”
The company announced yesterday that Providence Film Group, its subsidiary unit had started work on developing the major reboot of ‘Swamp Thing’, a DC Comics’ product. It had been released originally back in 1971 and in 1982 it had been turned into a superhero horror film of the same name by the director Wes Craven. The film had been based on the comic character that had been created by DC Comics.
In this regard, it ought to be noted that many of the much loved and legendary DC Comics characters like Superman, Wonder Woman and Black Adam have not performed well in recent times when compared to Marvel Comics characters.
Hence, it had been decided that it would be a good time to remake the film with new talent and possibly attract new fans. Hence, it could be said that it is a major new opportunity for Providence Film Group and by extension for Valiant Eagle as well.
Key Quote
“The remake of the classic ‘Swamp Thing’ film has been a key objective since Providence acquired the rights to the movie during the summer of 2021. We look forward to sharing additional details as development ramps up and we are expecting this to be a box office hit. We will announce the A-list actors as they are signed,” says Valiant Eagle CEO, Xavier Mitchell.
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